Lancaster County, Virginia: commercial real estate data.
Lancaster County, Virginia had an estimated 11,062 residents on July 1, 2024, up 1.3 percent since the 2020 census base of 10,925, across 133 square miles. County output reached $679.1 m in 2024, 458 establishments operate here, and the SBA record carries 17 7(a) approvals worth $20.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lancaster County
How many people live in Lancaster County
- Population, American Community Survey 2020-202410,936
- Households5,701
- Average household size1.92
- Median household income$69,713
- Median age58.2
- Median gross rent$1,033 per month
- Median owner-occupied home value$327,000
- Home value to household income4.7 times
- Annual rent as a share of median income17.8 percent
- Adults 25 and over with a bachelor degree or higher41.3 percent
- Adults 25 and over with a graduate degree17.3 percent
- Adults 25 and over8,878
- Population under 181,588
- Share under 1814.5 percent
- Population 65 and over4,364
- Share 65 and over39.9 percent
- Working age population, 18 to 644,984
- Civilian labor force4,524
- Unemployment rate9.5 percent
- Labor force participation, adults 18 and over48.4 percent
- Rank by population among Virginia counties112th of 133
- Rank by population among US county-equivalents, Puerto Rico included2421st of 3,222
Lancaster County is the 112th largest of 133 Virginia counties by population. A median home costs 4.7 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 39.9 percent against 14.5 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lancaster County
Is Lancaster County's population growing?
- Population, July 1, 202411,062
- Census 2020 base population10,925
- Population change since the 2020 census base1.25 percent
- Population change, 2023 to 2024135
- Births, 202486
- Deaths, 2024213
- Natural change, 2024-127
- Net domestic migration, 2024246
- Net international migration, 202414
- Total net migration, 2024260
- Cumulative net domestic migration, 2021 to 2024688
- Rank by growth among US county-equivalents1402nd of 3,144
The county has grown 1.25 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lancaster County
Where are people moving to Lancaster County from?
- Tax returns filed by households arriving372
- People arriving, from those returns635
- Tax returns filed by households leaving311
- Net household movement61
- Adjusted gross income arriving$53.3 m
- Net adjusted gross income movement$20.6 m
- Average income of an arriving household$143,207
- Average income of a leaving household$105,109
- Largest single originNorthumberland County (54 households)
- Largest single destinationNorthumberland County (65 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Northumberland County | 54 | 100 | $3.6 m |
| Henrico County | 21 | 35 | $2.6 m |
Households arriving report $38,098 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Northumberland County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Lancaster County
What is the Lancaster County economy?
- County GDP, 2024$679.1 m
- County GDP, 2023$660.1 m
- GDP change, 2023 to 20242.9 percent
- GDP change over five years31.5 percent
- Rank by GDP among the Virginia areas BEA publishes79th of 105
- Rank by GDP among the US county areas BEA publishes2176th of 3,127
- GDP per resident$62,097
Output grew 2.9 percent in the latest year and 31.5 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Lancaster County
Employment by industry in Lancaster County
- Covered employment, annual average4,793
- Establishments reporting543
- Average annual pay$51,518
- Average weekly wage$991
- Retail trade, employment660
- Retail trade, average annual pay$33,130
- Accommodation and food services, employment604
- Accommodation and food services, average annual pay$30,221
- Construction, employment325
- Construction, average annual pay$58,433
- Manufacturing, employment322
- Manufacturing, average annual pay$98,843
- Other services, except public administration, employment229
- Finance and insurance, employment208
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 660 | 58 | $33,130 |
| Accommodation and food services | 604 | 44 | $30,221 |
| Construction | 325 | 55 | $58,433 |
| Manufacturing | 322 | 22 | $98,843 |
| Other services, except public administration | 229 | 50 | $33,350 |
| Finance and insurance | 208 | 27 | $100,077 |
| Professional, scientific and technical services | 135 | 51 | $81,438 |
| Arts, entertainment and recreation | 124 | 8 | $32,652 |
Retail trade is the largest private sector at 660 jobs, 13.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lancaster County
How many businesses are in Lancaster County?
- Establishments, all industries458
- Employment at those establishments4,238
- Annual payroll$200.5 m
- Establishments per 1,000 residents41.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Lancaster County
Building permits in Lancaster County
- Housing units authorized by permit, 2024127
- Declared construction value permitted$40.8 m
- Single family units authorized127
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$321,616
- Units authorized per 1,000 households22.3
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Lancaster County
SBA loans in Lancaster County (7(a) and 504)
- 7(a) approvals recorded17
- 7(a) gross approval dollars$20.6 m
- Average 7(a) approval$1,212,088
- Median 7(a) approval$515,000
- Largest single approval$4,300,000
- Jobs reported supported, 7(a)381
- Jobs per approval22.4
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals11
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer23.5 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter12
- Franchise loans1
- Franchise share of approvals5.9 percent
- Leading industry by approval countAdministrative Management and General Management Consulting Services (3)
- Most active lenderBlue Ridge Bank National Association (7)
- 504 approvals recorded3
- 504 gross approval dollars$605,000
- Average 504 approval$201,667
- Median 504 approval$213,000
- Distinct CDCs active3
- 504 jobs per approval2.7
- 504 jobs per million dollars approved13.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$21.2 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lancaster County
SBA loan default and charge-off rates in Lancaster County
Do SBA loans in Lancaster County get paid back?
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure11
- Status: Paid in full3
- Status: Cancelled3
Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lancaster County
SBA lending by place in Lancaster County
- Borrower cities with recorded lending5
- Kilmarnock, approvals11
- Lancaster, approvals2
- Irvington, approvals2
- Weems, approvals1
- White Stone, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Kilmarnock | 11 | $16,014,500 |
| Lancaster | 2 | $3,048,500 |
| Irvington | 2 | $630,000 |
| Weems | 1 | $812,500 |
| White Stone | 1 | $100,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lancaster County
How large is Lancaster County?
- Land area133 sq mi
- Rank by land area among Virginia counties94th of 133
- Width, east to west19.9 mi
- Height, north to south15.8 mi
- Geographies sharing a boundary2
- Residents per square mile of land82
- Establishments per square mile3.44
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Lancaster County
Flood risk in Lancaster County
- Participation of the county's own NFIP community Lancaster County, unincorporated areasParticipating, community 510084
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Lancaster County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Lancaster County (community 510084), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Lancaster County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Lancaster County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Lancaster County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202410,936
- Households5,701
- Average household size1.92
- Median household income$69,713
- Median age58.2
Common questions
Lancaster County questions, answered from the record.
How many people live in Lancaster County, Virginia?
The Census Bureau estimates 11,062 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 10,936, in 5,701 households, ranking 112th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lancaster County's population growing?
The population has grown 1.25 percent since the 2020 census base of 10,925, to 11,062 on July 1, 2024. In 2024 there were 86 births against 213 deaths, with net migration of 260. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lancaster County?
$69,713. The median owner-occupied home is valued at $327,000, which is 4.7 times income, and median gross rent is $1,033 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Lancaster County?
458 establishments, employing 4,238 people with an annual payroll of $200.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Lancaster County?
Retail trade is the largest private sector at 660 jobs, 13.8 percent of covered employment. Covered employment averages 4,793 jobs at an average annual pay of $51,518, or $991 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lancaster County?
17 7(a) approvals totaling $20.6 m since FY2020, across 6 lenders, with a median approval of $515,000, plus 3 504 approvals worth $605,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Lancaster County?
127 housing units were authorized by permit in 2024, with a declared construction value of $40.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lancaster County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Lancaster County come from?
The largest single origin is Northumberland County, with 54 households. Arriving households report an average income of $143,207 against $105,109 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lancaster County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Lancaster County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Lancaster County
Cities and places in Lancaster.
5 Census places lie wholly or partly in Lancaster County. All 5 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Kilmarnock | town | 1,333 | 11 | 97.9 percent here, 2.1 percent Northumberland County |
| Irvington | town | 513 | 2 | Wholly in this county |
| White Stone | town | 449 | 1 | Wholly in this county |
| Weems | CDP | 279 | 1 | Wholly in this county |
| Lancaster | CDP | 20 | 2 | Wholly in this county |
Nearby